Electronic Invoicing and Presentment and Payments (EBPP) helps to reduce your costs and gets you paid faster! What is EBPP? Simply put you convert the painful process of paper invoicing to electronic billing and you can save thousands in labor and . is eliminated completely and the collection process is automated as well. Your carbon footprint in eliminated by ridding yourself of the the need for paper, ink, envelopes, postage, and labor to complete the process. Over hours are wasted manually billing.
With a traditional billing cycle, what each customer owes is entered into your accounting system, an invoice is created and printed, then add that to the labor and cost to put the invoice in an envelope, add postage and mail, then wait for payment. When payment is received it is posted to the customer’s account, deposits are created and taken to the bank. These steps are time-consuming. Now multiply this by hundreds or thousands of invoices produced per year. The costs can be staggering
While invoicing by email reduces your supply needs, there is little savings in labor costs.
There is a solution to this madness……..EBPP
Electronic invoicing, coupled with payments acceptance is a must for every business. The secret sauce comes with th with with the brings your business up to speed.
Schedule your invoicing.
Set up your software to invoice on the day and time you choose. Set recurring billing or a payment plan
Invoice directly, anytime, from anywhere
No need to be in the office to do it or hire someone to do it for you.
View payment status easily
See on one screen which invoices have been paid, which are due and which are past due.
Set up reminders or special notes
Add notes or reminders for each client
Run aging reports
See which clients pay quickly and which don’t, and consider adjusting payment terms.
Analyze audit trails
Cloud accounting and invoicing software keeps track of every transaction.
And there are more advantages!
Same day delivery of invoices
Instant delivery means faster payments
No waiting for checks in the mail
Online payment means you can get paid now.
Better security
E-invoicing software usncryption like financial institutions do. It conveys a sense of trust to your clients.
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Save time, Save Money, Increase Cash Flow and Reduce Your Carbon Footprint!
The efficiency of Electronic Invoicing and Payments
You know how the traditional business model calls for invoicing.
Here comes the end of the billing period. Someone has to make sure there’s paper, ink, envelopes, and postage.
What each customer owes is entered on an invoice and printed. Then the labor….someone puts the invoice in an envelope, adds postage and sends the envelope to be posted. Then the wait for payment begins….the long wait.
It’s enough to make you need a nap. And you may as well take one while you’re hoping your invoice doesn’t get lost in the mail and you’re waiting to get paid.
Invoicing by email doesn’t make it much easier. There are still addresses to keep track of and billing information to enter, templates to create and use and perhaps alter then hope your bookkeeper check the accounts receivable often.
But there’s a solution! Online, or e-invoicing, brings your business up to speed. Find out at cardsystems.com
Here are the ways it can help your business. You can:
Schedule your invoicing. Set up your software to send invoices on the day and time you choose and sit back and watch it happen.
Invoice directly. No need to wait for someone else in the company to send the invoices, reducing staffing hours.
Invoice anytime, from anywhere. No need to be in the office to do it!
View payment status easily. See on one screen which invoices have been paid, which are due and which are past due.
Set up your own reminders. Add notes or reminders for each client using the software.
Run aging reports. See which clients pay quickly and which don’t, and consider adjusting payment terms.
Analyze audit trails. Cloud accounting and invoicing software keeps track of every transaction.
And there are more advantages!
Instant delivery of invoices.
No waiting for checks in the mail. Online payment means you can get paid now.
Better security. Electronic invoicing systems uses encryption just like Financial Institutions do. It conveys a sense of trust to your clients.
Think of the paper you’ll save! E-invoicing is less expensive and more environmentally sound.
